Mundra Port

Mundra Port is India’s largest private port. Mundra is located in the Kutch district of the state of Gujarat, on the north shores of the Gulf of Kutch about 50 kilometers south of Anjar. It is a unit of Adani Enterprises, which also controls Adani Power Ltd., a power producer with significant expansion plans. Mundra Port has a capacity of 50 million tons a year, and said it plans to handle 200 million tons of cargo a year by 2020.

Mundra Port Coal Terminal is the world's biggest coal importing terminal, with handling capacity of 40 million tonnes of coal annually. It was built at a cost of 2000 rupees.

History
The Port of Mundra is also a special economic zone. Incorporated in 1998 as Gujarat Adani Port Limited (GAPL), the company began operating in 2001. The Mundra Special Economic Zone was incorporated in 2003 and was merged with GAPL in 2006. The combined company was renamed “Mundra Port and Special Economic Zone Limited” and is India’s first multi-product port-based special economic zone (SEZ). Mundra port plans to develop a coal-import terminal at Vishakhapatnam in southern India.

Mundra buys Australia's Abbot Point Terminal
In May 2011, Mundra Port & Special Economic Zone Ltd. secured a $2 billion deal to develop Australia's Abbot Point Coal Terminal for 99 years. The deal will more than double Mundra Port's overall cargo-handling capacity, as well as help the company transport coal from Australia to India. The Abbot Point Coal Terminal, a coal-export facility which is expanding its capacity to 50 million tons a year in 2011, is located in northern Queensland, close to Adani's coal mines in the Galilee basin.

The expansion may cost as much as A$600 million ($653 million) and take about three years, Mr. Ravi said, but added that the company hasn't yet finalized the port's expansion plans. In 2009-10, about 17 million tons of coal was transported through Abbot Point. The Mundra deal could be the first step to make Abbot Point the largest coal port in the world, handling as much as 300 million tons to 400 million tons a year.

The Adani Group bought Linc Energy Ltd.'s coal mines for $2.7 billion in 2010 and plans to invest A$6.9 billion ($7.5 billion) to develop the Galilee basin coal mines and related infrastructure in Queensland state. More than half of India's power-generation capacity of 173.6 gigawatts is based on thermal coal, and the country aims to add 163 GW capacity through March 2017. But the country's demand for coal is outstripping its domestic reserves, so companies are seeking to import coal or acquire coal mines overseas.

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